Contango Oil & Gas Co (MCF) Files Form 4 Insider Selling : Jay S Mengle Sells 10,848 Shares

Contango Oil & Gas Co (MCF): Jay S Mengle , SVP – Engineering of Contango Oil & Gas Co sold 10,848 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $12.49 per share for a total value of $135,491.52 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 12, 2016, John Anthony Thomas (VP/Secretary/General Counsel) sold 948 shares at $4.05 per share price.On Jan 12, 2016, Allan D Keel (President and CEO) sold 2,105 shares at $4.16 per share price.Also, On Jan 12, 2016, Sergio Castro (VP & Treasurer) sold 702 shares at $4.05 per share price.On Jan 12, 2016, E Joseph Grady (SVP and CFO) sold 1,404 shares at $4.05 per share price.

Contango Oil & Gas Company: On Friday, May 13, 2016 heightened volatility was witnessed in Contango Oil & Gas Company which led to swings in the share price. The shares opened for trading at $12.38 and hit $12.69 on the upside , eventually ending the session at $12.55, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 1,23,147 shares. The 52-week high of the share price is $19.1 and the company has a market cap of $246 M . The 52-week low of the share price is at $3.68.

Contango Oil & Gas Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Contango Oil & Gas Company is Initiated by Ladenburg Thalmann to Buy. The Rating was issued on Feb 23, 2016.

Contango Oil & Gas Company (Contango) is an independent energy company. The Company is engaged in the acquisition exploration development exploitation and production of crude oil and natural gas properties offshore in the shallow waters of the Gulf of Mexico (GOM) and in the onshore Texas Gulf Coast and Rocky Mountain regions of the United States. As of December 31 2014 the Company’s proved reserves were approximately 275.2 billion cubic feet equivalent (Bcfe) consisting of 179.7 billion cubic feet of natural gas (Bcf) of natural gas 8.4 million barrels of crude oil or other liquid hydrocarbons (MMBbl) of crude oil and condensate and 7.5 MMBbl of natural gas liquids (NGLs). The Company’s onshore properties consist of Southeast Texas (Woodbine) South Texas (Buda/Eagle Ford) South Texas (Elm Hill Project) Natrona County Wyoming (FRAMS Project) Weston County Wyoming (N. Cheyenne Project) and others including East Texas Colorado and Tuscaloosa Marine Shale (TMS).

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